No deposit needed at Burlington Place
Following the Christmas splurge, those looking to start 2012 in a new home in Nottingham may find that money is tighter than usual. That shouldn’t stop first-time buyers, though, as Peveril Homes is offering FirstBuy at its Burlington Place development, in Sherwood, which negates the need for a deposit.
With the First Buy scheme, purchasers are required to raise just 80 per cent of the price of the home. The remaining 20 per cent is provided jointly by the government and Peveril Homes as an equity loan – interest free for the first five years. With several lenders on the market that could provide up to 80-per-cent loan-to-value mortgages, there’s no need for the purchaser to provide a deposit.
Angela Thomas, sales and marketing manager for Peveril Homes, comments: “FirstBuy has already helped many house-hunters to purchase their first home. We know that it is often a struggle to raise a deposit, so the combination of this scheme and an 80-per-cent mortgage means that there’s no need for one. I’d urge those looking for a new home in Nottingham, this year, to pay us a visit at Burlington Place to find out more.”
One of the homes at Burlington Place which is available to purchase through FirstBuy is the Ashby. A three-bedroom semi-detached house, it is an ideal starter property. It features a spacious lounge, convenient cloakroom and open-plan kitchen and dining room on the ground floor. The first floor is home to the three bedrooms, as well as the family bathroom. It features a rear garden and is available for £119,960 through FirstBuy.
Lying just three miles from Nottingham city centre, this exclusive development is ideally placed to make the most of what the city has to offer. If you want to keep things closer to home, though, Sherwood, itself, has a selection of shops and eateries for you to try at your leisure. In addition to this, any families will benefit from a variety of good schools, both state and independent. Meanwhile, access to the M1 is excellent, making Sherwood a popular base for those looking to commute.
Prices at Burlington Place currently start from £144,950.
To find out more about the final few new homes in Nottingham, visit peverilhomes.co.uk.
